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<blockquote data-quote="Brute 23" data-source="post: 1619885" data-attributes="member: 6291"><p>This reminds me of some thing I debated early on and still do right now. </p><p></p><p>In my early 20s I could have dove off in to a couple hundred thousand dollar loan for some land to feed my want. I would have run tight and worked my butt in the dirt, but I could have made it work.</p><p></p><p>Many of my close friends/ mentors encouraged me to invest that money in the stock market, live comfortably, debt free, enjoy other things like hunting, fishing, golf and to start leasing land, acquiring equipment, and cattle as I go and to save for a rainy day. One always said to have a healthy "take this job and shove it" account. Then one day I could comfortably buy the property I have always wanted. They said you never know what life will throw at you and you will never regret that security of cash in the bank and no debt.</p><p></p><p>I'm 33 now and the company I worked for since I was 20 got in financial trouble and started making bad decisions, including burning long time employees. Luckily I listed to the wisdom of my council. Rather than being saddled with a huge loan and having stay a slave in that toxic environment to make a land payment or chase another miserable job for the money I'm able to sit back and enjoy this time with my family and work with some good friends doing what I enjoy while I figure out what the next chapter will be.</p><p></p><p>I'm not trying to talk you out of the purchase, just sharing some of my experience like my friends shared theirs with me.</p></blockquote><p></p>
[QUOTE="Brute 23, post: 1619885, member: 6291"] This reminds me of some thing I debated early on and still do right now. In my early 20s I could have dove off in to a couple hundred thousand dollar loan for some land to feed my want. I would have run tight and worked my butt in the dirt, but I could have made it work. Many of my close friends/ mentors encouraged me to invest that money in the stock market, live comfortably, debt free, enjoy other things like hunting, fishing, golf and to start leasing land, acquiring equipment, and cattle as I go and to save for a rainy day. One always said to have a healthy "take this job and shove it" account. Then one day I could comfortably buy the property I have always wanted. They said you never know what life will throw at you and you will never regret that security of cash in the bank and no debt. I'm 33 now and the company I worked for since I was 20 got in financial trouble and started making bad decisions, including burning long time employees. Luckily I listed to the wisdom of my council. Rather than being saddled with a huge loan and having stay a slave in that toxic environment to make a land payment or chase another miserable job for the money I'm able to sit back and enjoy this time with my family and work with some good friends doing what I enjoy while I figure out what the next chapter will be. I'm not trying to talk you out of the purchase, just sharing some of my experience like my friends shared theirs with me. [/QUOTE]
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